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VIVUS, First Manhattan And Sarissa Capital Announce Settlement Agreement

Important Additional Information

On June 3, 2013, VIVUS filed a definitive proxy statement and  GOLD  proxy card with the SEC in connection with the solicitation of proxies for its 2013 Annual Meeting of Stockholders. VIVUS intends to file with the SEC a supplement to such definitive proxy statement. Stockholders are strongly advised to read VIVUS's 2013 proxy statement, and the forthcoming supplement thereto, because they contain important information. Stockholders may obtain a free copy of the 2013 proxy statement, the forthcoming supplement thereto, and other documents that the Company files with the SEC from the SEC's website at www.sec.gov  or VIVUS's website at  www.vivus.com .

CONTACT: For Vivus:
         
         Timothy E. Morris
         Chief Financial Officer
         morris@vivus.com
         
         Investor Relations:
         
         The Trout Group
         Brian Korb
         bkorb@troutgroup.com
         646-378-2923
         
         Proxy Solicitor:
         
         Morrow & Co., LLC
         
         Joseph J. Mills
         jmills@morrowco.com
         203-658-9423
         
         Media Relations:
         
         Joele Frank, Wilkinson Brimmer Katcher
         
         Matthew Sherman
         msherman@joelefrank.com
         212-355-4449
         
         For First Manhattan:
         
         The Abernathy MacGregor Group
         Chuck Burgess / Mike Pascale
         212-371-5999
         clb@abmac.com / mmp@abmac.com
         
         Mackenzie Partners
         Larry Dennedy / Charlie Koons
         212-929-5239 / 212-929-5708

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